“Dow Theory is the relationship between the D-J Industrial Average and the D-J Transportation Average. It was first proffered by Charles Dow.” . . . Jeffrey Saut According to Wikipedia: “Dow Theory was derived from 255 Wall Street Journal editorials written by Charle
The call for this week: Last Monday was a 90% Downside Day, meaning 90% of the upside to downside volume came in on the downside, combined with 90% of the total points traded also coming in on the downside. The next morning the D-J Industrials (INDU/23,932.76) were off over 500 points
“I also think one of the interesting things I want to mention on the call is the impact of Tax Reform on small caps.” . . . Mary Lisanti, Portfolio Manager of the Lisanti Small Cap Growth Fund (ASCGX/$19.42) We have known Mary Lisanti for a pretty long time and consider he
“I’ve developed a new philosophy. I only dread one day at a time!” …Charlie Brown, A Boy Named Charlie Brown by Charles Schulz (1969) I returned to the office yesterday after a week and a half vacation, but Mr. Market did not have the courtesy to let me ease back int
The call for this week: Yesterday was Easter Sunday, as well as the beginning of the new month, so the wakeup call was “rabbit, rabbit, rabbit” to begin the month as the stock market hopefully emerges from its “down the rabbit hole” decline, which was the worst
Structural, or Secular, Bull Markets On average structural markets last 14+ years and tend to compound returns at 15%+. We don’t think it is any different with the current secular bull market. We think the first “leg” of this secular bull market began on October 10,
The mountain is high the valley is low and you’re confused on which way to go.” . . . Edgar Winter Group (1973) We told CNBC’s Kelly Evans, on yesterday’s 3:40 p.m. “hit” that, “The market has vacillated between plus and minus so many times to
“In secular bull markets most of the surprises come on the upside!” . . . Jeffrey Saut, mid-1980s On the wall of my office hangs a record encased in a picture frame. It was given to me by a very dear friend in the mid-1980s. The tune was recorded on January 21, 1961, and w
“Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.” . . . Will Rogers When does $50 billion turn into nearly one trillion dollars? When president Trump announces $50-60
